The National Thermal Power Corporation (NTPC), which is one of Kerala’s partners in the joint venture with TELK, has indicated its wish to withdraw from the partnership. This request is currently being processed. According to the Minister, NTPC’s decision to leave indicates a general trend for disengagement of federal powers in joint venture projects. However, NTPC still supports TELK.
While at TELK, Rajeeve went through some operations report. The company made a profit of ₹2.85 crore during 2023-24 financial year. It suffered through pandemic as well as subsequent years but showed resilience last year.
According to a press release by TELK, it is aiming at doing better this financial year. This comes as there are plans towards achieving their goals.” The order book position of the company is also healthy. It was also able to overcome the problem of working capital shortage where it secured government guarantee for an additional loan of ₹40 crore.
As the company prepares itself to fill vacancies in the current year, TELK expects that it will earn ₹5 crores.This is revealed by sources from within who prefer anonymity because they are not authorized to speak on behalf of the Indian power sector per se.TELK‟s performance was reviewed every three months according to them.”
